November 24, 2020 03:28 (IST)
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AIMIM's Bengal leader Anwar Pasha, others join Trinamool Congress ahead of 2021 polls | As counter to BJP, Mamata Banerjee announces state holiday on Birsa Munda's birth anniversary | Mamata Banerjee to attend PM Modi's virtual meeting on Covid-19 vaccine | Manipur police in action against illegal drugs | Ahead of Assam BTC and assembly polls, BPF MP and MLA join BJP

RBI cuts repo rate of 40 basis points to 4 pc, term loan moratorium extended

Mumbai: The Reserve Bank of India on Friday announced a cut in the repo rate of 40 basis points to bring it down to 4 percent.   

India's corporate sector welcome's RBI repo rate cut amid COVID-19 outbreak

Mumbai/IBNS: The Indian corporate sector has reacted positively to the Reserve Bank of India's decision to slash the repo rate by 75 basis points to 4.4 per cent.